TEHRAN (Fars News Agency)- World oil traded lower in Asia on Monday as the market entered a traditional year-end cooling off period and concerns persisted over slower US economic growth, dealers said.

TEHRAN (Fars News Agency)- Iranian Foreign Minister Manouchehr Mottaki said that after three rounds of talks with the US over Iraq, Tehran has not yet found Washington committed to the agreements gained during the previous meetings.

TEHRAN (Fars News Agency)- Iranian Oil Minister Gholam Hossein Nozari said that the French oil company, Total, has voiced preparedness to make a 12-bln-dollar investment in Iran’s Liquefied Natural Gas (LNG) project.